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A quick overview: Hong Kong stock market bullish and bearish stock list for October is out! Good performance, china-affiliated brokerage stocks continue to party, haitong sec soars 79%; positive restructuring news boosts chongqing iron with a 45% surge.
The Hang Seng Tech Index has experienced a significant drop this month, with a cumulative decline of over 5%; the Hang Seng Index and the A-share Index have fallen by 3.86% and 3.27% respectively.
Express News | Citigroup: Initiates coverage on Old Town Golden Industrial Company Limited with a buy rating and a target price of 267.80 Hong Kong dollars.
Hong Kong stocks closed (10.29) | The Hang Seng Index rose by 0.49%, cryptos concept stocks surged, tech and apple supplier concept stocks were active all day.
Hong Kong stocks opened higher this morning but then collectively fell, with the Hang Seng Index and the China Enterprises Index all turning green near midday; in the afternoon, the three major indexes rebounded.
【Hong Kong Stock Connect】Laopu Gold (06181) rose by 8.41% against the market trend. Morgan Stanley believes it has the potential to develop into a rare luxury goods stock in China and has listed it as the industry's top choice.
Kingold Financial News | Lao Pu Gold (06181) strengthened against the market trend, up 8.41% as of the time of publication, at 211.4 Hong Kong dollars, with a turnover of 0.197 billion Hong Kong dollars. On the news front, Morgan Stanley published a report covering the mainland gold jewelry and jewelry sector, expressing a preference for ancient gold craftsmanship (with differentiation, stronger pricing power, stable high profit margins, as well as showcasing Chinese culture and tradition) over traditional gold and jewelry sectors (mature, stagnant, low and volatile profit margins, and benefiting from industry consolidation for market leaders). The bank believes that Lao Pu Gold has the potential to develop into a rare luxury goods stock in China. It is considered that the business exposure is completely
Morgan Stanley covers old gold store gold (06181.HK) for the first time, rating it as "shareholding", the industry's top choice.
Morgan Stanley has published a report on the coverage of the mainland China gold and jewelry sector, pointing out a preference for ancient gold craftsmanship (with differentiation, stronger pricing power, stable high profit margins, and showcasing Chinese culture and tradition) over traditional gold and jewelry sectors (mature, stagnant, low and volatile profit margins, and market leaders benefiting from industry consolidation). The bank believes that Lao Feng Xiang Gold (06181.HK) has the potential to develop into a rare luxury goods stock in china, with estimated compound annual growth rates of 55% and 65% in sales and net profit between 2024 and 2026. It is initially rated as 'shareholding' and listed as the industry's top choice. The preference order for the sector.
HK Stocks Dynamics | Lao Pu gold (06181) rose nearly 5% to hit a new high. The ancient formula gold series has increased prices twice this year. The company will continue to expand the number of stores.
Lao Pu Gold (06181) rose nearly 5% in early trading, hitting a high of 195 Hong Kong dollars, reaching a new record high. As of the time of writing, it rose by 3.45%, closing at 192 Hong Kong dollars, with a turnover of 63.3451 million Hong Kong dollars.
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